Assahafa.com
As the Brazilian presidency of COP30 attempts to bridge the yet wide gap between positions on climate finance, Morocco called on Monday in Belém for an ambitious and legally sound compromise on Article 9.1 of the Paris Agreement.
In a speech, Rachid Tahiri, head of climate change at the Ministry of Energy Transition and Sustainable Development, called for “removing the remaining obstacles” and establishing guarantees to enable substantive discussions, without prejudice, on Article 9.1, which sets out the legal obligation of developed countries to provide financial support to developing countries.
He reiterated that the success of global commitments will depend on the clarity of the resources allocated to developing countries to implement their nationally determined contributions (NDCs).
According to a summary note published by the Presidency, the consultations set a basis for agreement on several key areas: the centrality of multilateralism, the transition from a COP of negotiation to a COP of implementation, the key role of international cooperation, and the need to accelerate climate action in this “critical decade.”
The presidency also spoke of a climate of “growing alignment” on energy transition, the importance of broader access to finance, and the need to reduce capital costs for developing countries.
Nonetheless, the chapter on financing remains the major sticking point. The note highlights three distinct options on how to address financial flows, their governance, and their articulation with existing commitments, particularly with regard to adaptation and the implementation of Article 9.1, a gap that several delegations still consider “too wide” to reach a quick compromise.
Morocco, which falls in line with the African and Arab groups on the issue of climate finance, stressed that some countries remain reluctant to open this discussion and asked the presidency to identify the “necessary guarantees” to reassure all Parties.
While welcoming the recognition by several Parties of the role of public finance, Morocco called for a framework that clearly distinguishes between the three levels of financial action: provision, mobilization, and expanded flows, in order to enable balanced progress.
The Presidency, for its part, reiterated the urgent need for taking action to keep the 1.5°C target “within reach” and called for intensified efforts in adaptation, energy transition, transparency, and technical cooperation, particularly through Article 6 and existing support mechanisms.
Source: map
